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WETA
Dec 28, 2012 6:30pm EST
. fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the
FOX Business
Dec 28, 2012 3:00pm EST
>> it is time to roll up the sleeves and get down to business on the fiscal cliff. democrats and republicans have made the trip to the white house. i'm ashley webster,. it is the last hour of trading, and count down to the closing bell starts now. we have breaking news from washington. rich edson at the white house where president obama is about to meet with key members of congress, and, rich, there's talk of a scaled down deal put forth by the president. what have you heard? >> it that is the discussion. you have harry reid, mitch mcconnell arriving at the white house, should have house leadership shortly to begin a meeting, a last ditch effort to try to help the economy avoid the fiscal cliff, or at least pieces of it, and, yes, the buzz around washington is a possible path forward that aids describe as preventing tax increase for income amounts of $400,000 or $500,000 or so, extend unemployment insurance, but, still, nothing has been agreed to. all in washington are waiting to see how this meeting goes. it's just about to start here in dc. meanwhile, on capital hill, the fight
ABC
Dec 28, 2012 5:30pm EST
fiscal cliff and the last-ditch effort to stop the nation from going over. >> the president is meeting with congressional leaders just about an hour ago. any last-minute deal will likely have to wait until the senate returns. >> reporter: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the pre
PBS
Dec 27, 2012 6:30pm PST
in the program. a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses in the final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit loss, the nasdaq lost four, and the s&p
FOX Business
Dec 28, 2012 5:00pm EST
congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow f
CBS
Dec 28, 2012 6:00pm EST
first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you can get a majority in the house and a majority in the senate, then we should be able to pass a bill. so the american people are watching what we do here. obv
PBS
Dec 27, 2012 7:00pm PST
crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white house, though he said he would keep an open mind on anything the president proposes. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less than a million dollars a year. >> it's the mother of all debacles. that was brought up in an effort to send us something. he
FOX Business
Dec 28, 2012 11:00am EST
. a good year for tech. the vix up above 20. fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will not meet expectations, and the reason for that is the nook business at the same time peerson investing a lot of money in the nook business so two pieces of news affecting the stock today, but it is a winner. look at that volume. pretty good. back to you. dagen: thank you, lauren. two hours to go until an 11th hour meeting between washington and the leaders. any kind of compromise? rich edson's live on capitol hill with up-to-the-minute developments. rich, what do you know? >> republicans anticipating or expecting president obama and democrats to offer a fiscal cliff deal, perhaps a scaled back proposal, but, still, no indication that's going to happen this afternoon. the senate is in session. the house returns sunday.
CBS
Dec 28, 2012 4:00am EST
obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >
MSNBC
Dec 28, 2012 10:00am PST
last-ditch effort to avoid going over the fiscal cliff. >> getting a little more optimistic today. there's sometimes darkest before the dawn. >> right now we are at a stalemate because we haven't been willing to -- democrats haven't been willing to consider the issue of spend. >> there's some signs of possible flexibility but first of all, it would be helpful if the house of representatives came back. >> like it was a harvard law review just to show who is the smartest person in the room. we don't need the smartest person in the room. we immediate somebody to say all right, america, we need to deal with revenues. that's the bad news. we immediate to deal with the medicare fiscal cliff or you are not going on get your medical bills paid. >> remembering an american original. >> iraqis are dumb muff to attack her going to pay a terrible price. >> nicknamed stormin' norman for his ledgendary temper. he died thursday due to complications from pneumonia. >>> it is a year comes to a close, we look back at the amr moments that left us starstruck and speechless in 2012. >>> good day. i'm l
FOX News
Dec 28, 2012 12:00pm PST
could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it
ABC
Dec 28, 2012 5:00pm EST
showdown over the fiscal cliff. we are four days before the deadline. top congressional lawmakers wrapped up a meeting with president obama at the white house. among the leaders, republican house speaker john boehner and senate minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major p
MSNBC
Dec 28, 2012 8:00am PST
kick the can down the road, jeff, we'll do some small deal and create another fiscal cliff to deal with this fiscal cliff. >> just let the people's housework its will. instead of handing over the keys to the most extreme elements in the house republican caucus. >> a lot of people donnell realize he is blocking a vote in the house. >> i think in the end we'll get a deal. the question is the timing. >> i am hopeful there will be a deal that avoids the worst parts of the fiscal cliff. >> i want to bring you in and say good morning to sander levin. sir, it's good to have you with me. what is your expectations or thoughts about hear that the president and vice president joe biden are calling the four congressional leaders behind closed closed doors today. >> i am hopeful. i wouldn't say i'm optimistic, but i think confidence has gone down. i think the key is whether the speaker will be the speaker of the entire house and let the matters come before us where there could be a majority of democrats and perhaps a majority of republicans, but let es speak our will and act on our will. that's
CNBC
Dec 28, 2012 4:00am EST
fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a
FOX News
Dec 28, 2012 8:00am PST
along with harris faulkner. with just days to go until the fiscal cliff deadline president obama and top congressional leaders are set for a crucial meeting. expectations are low for a deal when house and senate leaders head to the white house this afternoon to meet there with president obama. lawmakers are increasingly looking at the period following the december 31st deadline we're told to come up with a fix to avoid massive tax hikes and spending cuts, affect lives of nearly every american many economists say could plunge the economy into another recession. chief white house correspondent ed henry live with the latest. so in this meeting, ed, is there any hope they will accomplish anything? >> reporter: well it is pretty low expectations, jon. what we're expecting when you talk to top officials of both parties the president will offer a scaled back plan, something he laid out lines friday before christmas here in the white house briefing room before he went to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry a
CNBC
Dec 28, 2012 3:00pm EST
fix on the fiscal cliff, but there are developments right now, as you know. brian just mentioning there. various congressional leaders and the president getting set to meet at the white house this hour to work on last-minute negotiations all in an effort to avoid those series of tax increases and spending cuts due to take effect next year. what we hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500,
CNBC
Dec 28, 2012 6:00am EST
to avoid the fiscal cliff. >>> the dow erases a 150 point decline on news that the house will be back in session on sunday evening. and time is rubbing out to avoid a strike at 14 major east coast ports. a work stoppage to cost the economy $1 billion a day. it's friday, december 28th, 2012. and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. and it does feel like we're living a bit on the edge of the fiscal cliff, at least. i'm andrew ross sorkin along with joe kernen and becky quick is off today. our guest host this hour, ed kehone. he's the management associate portfolio manager and we are thrilled to have ed aboard for -- i think you'll be here for longer than an hour. you'll be here for the whole broadcast. >> as long as you need me. >> you're like -- how long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever yo
CBS
Dec 28, 2012 5:00pm EST
an inch. >>> all right, a last-ditch meeting to avoid that fiscal cliff it appears has just wrapped up at that time white house. president obama called congressional leaders to the white house. the hope was he could hash out the framework for a possible deal. danielle nottingham joins us with the latest. okay, did they get it done, danielle? >> reporter: derek, we're just not sure what happened. all four leaders left the white house without speaking to the media. we can only assume that means this wasn't a productive meeting. top congress impressional leaders left the white house after a last-ditch fiscal k cliff meeting with president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >>
CNBC
Dec 28, 2012 9:00am EST
quickly. just two trading days left until the cliff. and it's not just the fiscal cliff. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balan
FOX News
Dec 27, 2012 7:00pm PST
. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start ta
MSNBC
Dec 28, 2012 11:00am PST
hour away now from the late es effort to avert the so-called fiscal cliff. the three-way stare down between the white house, the senate, the congress moves to pennsylvania avenue. president obama meeting behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty appa
FOX Business
Dec 28, 2012 6:00pm EST
fiscal cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. and now he passes on to the senate. senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders
FOX Business
Dec 28, 2012 1:00pm EST
hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. stocks lower, by the way. here's the new york stock exchange, three stocks trading down for every one trading up. another thing trading up a the vix index. it's 20.18. the vix has traded below the two decade average, and that's not happened this month. we broke that trend. we have an uptick in the vix now. adam, back to you. adam: the question of the day, are we closing in on the deadline and potential plan to avert the fiscal cliff, about this afternoon's meeting between the leaders, and expectations between a deal are not running as high as they were back in november. remember this? >> i believe we can do this, avert the fiscal cliff that is right in front of us today. >> this is not something we are going to wait until the last day of december to get it done. adam. adam: proof words are cheap. it's the end of die
ABC
Dec 28, 2012 4:00am EST
able to reach a deal. >> the nation is edging closer to that fiscal cliff, as lawmakers spend more time on blame than action. >>> also, he's being called one of the great military giants of our time. this morning, general norman schwarzkopf is being remembered as a soldier and a patriot. >>> and a woman shoves a man in front of an oncoming train and then runs away. it's the second deadly subway shoving this month. and this morning, we're getting our first look at the woman police say did it. >>> and it was a gift meant for a stranger. but it built a community. the unexpected outcome of one man's message in a bottle. >>> good morning. i'm muhammad lila, in for rob nelson. >> i'm brandi hitt. paula faris is on assignment today. we begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet wit
CNN
Dec 28, 2012 2:00am PST
that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward
FOX
Dec 28, 2012 4:00am PST
into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has move
CBS
Dec 27, 2012 5:30pm PST
the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid pointed a finger at the house of representatives, which still hasn't
CBS
Dec 28, 2012 1:35am PST
least on the fiscal cliff. we're just five days until the country tumbles into automatic tax hikes and spending cuts. the president has scheduled a meeting tomorrow with congressional leaders. cbs 5 reporter danielle nottingham on efforts to break the jam in washington. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face-to-face meeting since november 16, and a last-minute chance to avoid the so-called fiscal cliff. if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker
ABC
Dec 28, 2012 6:30am EST
edge of a fiscal cliff and it appears law makers are not too quick to offer a safety net. sandra endo is in washington with the latest on the developing story and sandra, it does seem like this is all talk and no action right now doesn't it. >> reporter: that's right. and there's only a few days left in this year to get anything done and that's why president obama has called the top four congressional leaders to the white house this afternoon for a closed-door meeting charley. and he wants to try to figure out a way to end this fiscal cliff stalemate but you hear the rhetoric being talked about on capitol hill, among leaders, republicans and democrats are still pointing the blame at each other for not getting this deal done. and for the lack of progress. so still no movement yet and there's only a few days to go to a get anything done. charley. >> you know let's go to what was said yesterday we talk about harry reid referring to john boehner as dictator. and we got mitch mcconel saying we are not going to write a blank check coming up with solutions. it seals like there's no comm
CBS
Dec 28, 2012 6:30pm EST
>> glor: tonight, fiscal cliff hanger. >> the hour for immediate action is here. it is now. >> glor: president obama speaks to the nation after speaking with congressional leaders. reports from major garrett and nancy cordes. elaine quijano on the family heartbreak after russia's president bans all adoptions to americans. >> we ask president putin, please, can he set an alternate means but don't let me children suffer. >> glor: he met saddam hussein and made it look easy. david martin on the death of general norman schwarzkopf and what the world did not know about him. and "on the road" with steve hartman as a man tries to save his wife of 56 years. an unusual request that gets a surprising response. >> got two of them and i only need one. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, scott is off tonight. i'm jeff glor. it is the end of a holiday week, but it would appear congress is just getting started. tonight, the president said he is mottestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding aut
FOX News
Dec 28, 2012 6:00am PST
we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting for the republicans to make the next move. they keep saying inside the white house this is up to the republicans. they're the impediment here. when you listen to senate republican leader mitch mcconnell he basically said yesterday when he got a phone call from the president two nights ago it was the first time he heard from a democrat about the fiscal cliff negotiations, whether the president, senator reid or others in about a month, around thanksgiving. with the democrats not reaching out to senator mcconnell for a month, doesn't seem like they have been pushing very hard for a deal, gregg. gregg: has the bickering between reid and boehner sort of poisoned the negotiations past the point that, you know, maybe this meeting will help at all? >> reporter: it may have because it's really, we've seen tensions escalate ever since before christmas when jo
CBS
Dec 28, 2012 7:00am EST
and congressional leaders will meet later today trying to hammer out a deal on the fiscal cliff. we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's "eye opener," your world in 90 seconds. >>> the house and republican have left town. the negotiations between the president and speaker have fallen apart. you can't legislate with yourself. >>> republicans have bent over backward. we wanted an agreement, but we had no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led international coalit
WHUT
Dec 28, 2012 6:00pm EST
before a year in deadline to avoid the so-called fiscal cliff. some $600 billion in automatic spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jac
MSNBC
Dec 28, 2012 2:00pm PST
looking for a $400,000 threshold, but as the clock ticks on this fiscal cliff, i think a lot of republicans will move towards that $250,000 number. 24e may not like the president's deal or his approach, but both sides want to extend middle class tax rates. that's the key. both parties agree they want to extend to a certain threshold middle class tax rates. it's all about where that ball ends pup. >> so you think republicans will go for $250,000. >> i don't think the republican leadership will agree on $250,000, but you will see as many republicans move towards $250,000, maybe a scattering in the senate, a scattering in the house, because at the end of the day they want to extend as many rates as possible. >> but, richard, the real question here, they don't have to agree to $250,000 but they have to let a vote happen on $250,000. in of that case mitch mcconnell would have to agree not owe filibuster and speaker boehner would have to allow the bill to come to the floor. it's 9 process disagreements. >> i may not be the only person who is getting confused on the optimist/pessimist
FOX News
Dec 28, 2012 10:00am PST
. chairman max baucus, the democrat says that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemployment benefits for some 2 million americans, do some small spending cuts now, but not entitlement reform. an ally of the white house and the house of representatives offered this. >> this is not for show. it is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package. a small deal together before the new yea
ABC
Dec 28, 2012 5:00am EST
ticking we are four days away frulg off the fiscal cliff. what law makers are doing to try to avoid an economic disaster. >> the loss of a leader and a hero. this morning we are remembering general norman schwarzkopf and looking at the legacy he left behind on this friday september 28th. good morning -- december 28th. good morning i am charley croweson. >> i am megan pringle. the weather has been the story because we have seeing wild weather and it's been cold. >> some of that is coming up for the weekend. mike masco is standing by to let us know how bad it could be getting. >> we will see a couple inches of snow across the area. today not a problem a few clouds in the afternoon. glen burnie at 35. around the freezing mark in reisterstown and manchester 28 degrees. and here we go winter weather advisories over the northern tier close to the p.a. line into tomorrow. we are expecting advising that this storm over the tennessee valley will run into cold air and produce a snow event. look at future trend look good during the course of the morning hours. we expect the snow to break out a
CNN
Dec 28, 2012 8:00am PST
the fiscal cliff. four hours before a last-ditch meeting at the white house. it's still not clear whether a last-minute deal is even possible or whether this is now all about shifting blame. president obama and vice president biden are sitting down with house leaders. the guest list includes harry reid, who this time yesterday said he didn't see any way the fiscal cliff could be avoided. whatever the case, our chief white house correspondent jessica yellin will be watching. what can we really expect to come out of this meeting this afternoon? >> well, alina, we're not sure what really will come out of it. the ideal scenario would be if all sides agree to a scaled-down version of the fiscal cliff agreement that the president and spe speaker boehner had been discussing weeks ago and then senator mcconnell would agree that no republicans would block it in any way if he can promise that. he argues that he can't really make that promise but if e he could then speaker boehner would promise to bring it to a vote on the floor. all sides would shake hands and we'd have a deal before new ye
WETA
Dec 28, 2012 6:00pm EST
fiscal cliff ends with no announcement of a deal. a 6-year-old british girl abducted by her father and taken to pakistan is reunited with her mother in the u.k. welcome to "bbc world news." also to come, no where to pray for moslems in athens. and a quite at hollywood that revolution, making big returns to the silver screen. >>> breaking news coming to us from singapore. in the past few minutes, it was just announced that the indian woman who was gang raped in delhi earlier this month that has caused national average has died. she was being treated at a hospital in singapore where she was on life-support. in india, her brutal attack triggered nationwide protests. the authorities struggling to contain the growing anger. we have received a statement from a doctor, the chief executive of the hospital where she was being looked after. "we are very sad to report the patient passed away peacefully at 4: 40 5:00 a.m. today singapore time. her family and officials from the high commission of india were at her side. we join her family in mourning her loss. the patient had remained in extrem
CW
Dec 27, 2012 10:00pm PST
for talks on the fiscal cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides are
CSPAN
Dec 28, 2012 7:00am EST
-- and hunger. host: good morning. as the deadline looms over the fiscal cliff, the attention is shifting to the other end of pennsylvania avenue. the lines of communication remain open. it is friday, december 28. the senate is in session today. stock futures are down in anticipation of what will happen next with the deadline, january 1. we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dynami
NBC
Dec 28, 2012 5:00am EST
traffic pulse 11. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. danielle le
FOX
Dec 28, 2012 12:00pm PST
president is meeting with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs
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